How to structure a Flipping partnership with a passive investor

[Doron Rice]

Hi all,

A friend of mine, who is a successful business owner, wants to partner with me to flip houses. Since I have flipping experience and am very active in RE investing, he will be a passive investor. I am not sure how to structure this partnership and wanted to get your opinion. Should he bring all of the capital? should I have a skin in the game? what percentage of the proceeds should each of us receive etc...

Thanks!

Doron